How much does a Florida Homestead Check cost?
A Homestead Check is not expensive, it only costs $100 if you put in the order yourself. If you have your Realtor or Title Company/Closing Agent handle it, then it’s still only $125. Problems with your Homestead Savings from incorrect assessed values and missed exemptions can cost you thousands of dollars in extra taxes every year that you live in your home.
When is the best time to do a Homestead Check?
Because the value of your home is assessed every January 1st by your Property Appraiser, and because life is unpredictable (you never know for sure when you might need to sell your home), it’s a great idea to do a Homestead Check annually. Due to the ways that the property tax laws work, many of the worst losses to homestead savings happen because the homeowner didn’t know they would be selling their home and didn’t take action the year BEFORE they were selling their home!
How long will it take to get my Homestead Check results back?
Your Homestead Check™ will probably be to you in the next 5 minutes after completing all of the questions and clicking send! Some Homestead Checks require extra work and if yours happens to be one of those then you will usually have your results within 24 hours. If you don’t receive your Homestead Check within 2 business days then please submit a service ticket to firstname.lastname@example.org
Why filing for your Florida Homestead can be trickier than it seems.
County Property Appraisers are tasked with delivering a certified tax roll to the Florida Dept. of Revenue each year that meets certain guidelines. Unfortunately, the means by which they do this- using mass appraisal software and other methods, can cause errors in property valuations for individual homeowners. Additionally, many Property Appraiser offices don’t take the time with you to explain all of the available exemptions and walk you through the intricacies of filing “Filing for Homestead” seems simple on its face, but is in reality much more complicated. It’s important to understand not only the exemptions that you are entitled to, but to understand the law and concept of “Homestead Portability”, and to make sure that the Assessed and Market Values of your property are correct and don’t need to be adjusted.
How much can I save by doing a Homestead Check?
Making a mistake on Homestead Filing doesn’t just cost you money once, it costs you money EVERY YEAR that you own your property! It’s not like just getting kicked in the teeth once, it’s like getting kicked in the teeth every November! Not doing so could cost you up to $10,000 per year that you live in your Homestead. Not just for one year, but for EVERY year that you live in your property that is homesteaded. Every $10,000 in lost Homestead Savings costs you about $200 on your annual tax bill which you must pay EVERY YEAR that you own your property. Just forgetting to file for the $50,000 exemption- the most basic task in setting up your Homestead, will cost you about $1,000 per year EVERY YEAR. We have clients that have made mistakes that cost them almost $10,000 per year!
Can't I just figure this all out on my own?
Absolutely! But for some reason like we said above, over 75% of Florida homeowners don’t ever figure out how to maximize their savings. To do so, you’ll need to study up on the law and get a good understanding of the timing and intricacies of homestead filing, exemptions, portability, market value adjustments, Value Adjustment Board procedures. Or, you can just use Florida Homestead Check! It’s easy, it’s affordable, it’s smart.
What if I still have questions?
Your Homestead Check will give you a detailed explanation of any problems with your homestead savings and explain the process for fixing those problems. It will also give you valuable information and explanations on how to make sure that your homestead savings are maximized in the future. Most questions can be answered by just carefully reading the information that we give you. However, if you still need help you can purchase a counseling session with a Homestead Check counselor who is highly trained to explain the intricacies of the situation to you and answer your questions.